Is Universal Media Group Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Universal Media Group Inc (UMGP) is currently classified as NOT HALAL as of August 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Universal Media Group Inc a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Universal Media Group Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Universal Media Group Inc?

Muslim investors may consider investing in Universal Media Group Inc if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Universal Media Group Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Universal Media Group Inc by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Universal Media Group Inc updated?

The Shariah compliance status of Universal Media Group Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Universal Media Group Inc become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Universal Media Group Inc?

You can check the latest Shariah compliance status of Universal Media Group Inc on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

UMGP Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: August 02, 2024

Report Source: 2024 Annual Report

Universal Media Group Inc. Stock Analysis UMGP

United States Communication Services Nano Cap Report: 2024 Annual

Universal Media Group, Inc. operates as a media conglomerate. The company is headquartered in Boca Raton, Florida and currently employs 29 full-time employees. The company went IPO on 2004-12-21. The firm is a producer and distributor of both short and long form content, covering a diverse array of genres for multiple media platforms. The firm also focuses on the implementation of celebrity-based programming through social media and streaming video on demand platforms. The firm intends to focus on a selected number of acquired programs while continuing to develop its targeted in-house projects. The firm is also concentrating on the virtual FX media market with projects pertaining to virtual television. The company is also focused on 4K programming with projects centered on social media, television, motion pictures, and the NFT (non-fungible token) space for celebrity centric NFT creation and sales.

Key Statistics of Universal Media Group Inc (UMGP)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$0.07$0.09

Today's Open

$0.08

Volume

127.43K

P/E Ratio (TTM)

52 Week Range

$0.02$0.15

Market Cap

3.54M

Avg. Volume

37.46K

Dividend Yield

Financial Metrics & Statements of Universal Media Group Inc (UMGP)

FAQ's for Universal Media Group Inc (UMGP)

According to Musaffa’s Shariah screening methodology, Universal Media Group Inc (UMGP) is currently classified as NOT HALAL as of August 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.